Nuveen LLC Invests $29.01 Million in Rush Street Interactive, Inc. $RSI

Nuveen LLC bought a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,705,649 shares of the company's stock, valued at approximately $29,005,000. Nuveen LLC owned about 1.19% of Rush Street Interactive as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Arizona State Retirement System boosted its holdings in shares of Rush Street Interactive by 5.4% during the first quarter. Arizona State Retirement System now owns 24,145 shares of the company's stock worth $259,000 after purchasing an additional 1,232 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Rush Street Interactive by 94.7% during the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock worth $27,000 after purchasing an additional 1,232 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Rush Street Interactive by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company's stock worth $594,000 after purchasing an additional 1,632 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Rush Street Interactive by 6.3% during the fourth quarter. Tidal Investments LLC now owns 38,360 shares of the company's stock worth $526,000 after purchasing an additional 2,280 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Rush Street Interactive during the fourth quarter worth $34,000. Institutional investors and hedge funds own 24.78% of the company's stock.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, Director Judith Gold sold 100,000 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $19.61, for a total value of $1,961,000.00. Following the transaction, the director directly owned 111,629 shares of the company's stock, valued at $2,189,044.69. This trade represents a 47.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Todd Schwartz sold 193,905 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $15.39, for a total value of $2,984,197.95. Following the completion of the transaction, the chief executive officer directly owned 1,017,471 shares in the company, valued at $15,658,878.69. This trade represents a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,816,090 shares of company stock valued at $44,026,948 over the last three months. 56.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RSI. Oppenheimer increased their target price on Rush Street Interactive from $16.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Macquarie reaffirmed an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a research report on Friday, May 2nd. Benchmark increased their target price on Rush Street Interactive from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on Rush Street Interactive in a research report on Monday, June 23rd. They issued a "neutral" rating and a $14.00 target price on the stock. Finally, Needham & Company LLC increased their target price on Rush Street Interactive from $17.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.89.

Rush Street Interactive Trading Up 2.7%

NYSE:RSI traded up $0.5350 during mid-day trading on Friday, hitting $20.7050. The company had a trading volume of 765,411 shares, compared to its average volume of 1,702,150. The business has a fifty day simple moving average of $16.20 and a 200-day simple moving average of $13.59. Rush Street Interactive, Inc. has a 1 year low of $8.76 and a 1 year high of $21.01. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 103.50 and a beta of 1.90.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Rush Street Interactive had a return on equity of 16.53% and a net margin of 2.48%.The company had revenue of $269.22 million for the quarter, compared to analyst estimates of $248.98 million. During the same period last year, the company posted $0.04 earnings per share. The firm's revenue was up 22.2% compared to the same quarter last year. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.